22.01.2016 - ​Technical view

Currencies trading and euro. The price of EUR/USD has shown a strong increase in volatility within which reached the level of 1.0800, and overcame it, but soon corrected upwards to 1.0900. At the moment the price is reduced after fixing below the inclined line of support that was able to break through before. This fact is a signal to sell 1.0700 with the targets at and 1.0550. Growth of price in the near future is possible to 1.0900. According to our estimates, the price decline will continue in the near future.

Nearest resistance levels: 1.0900, 1,0985, 1.1050, 1.1080, 1.1200, 1.1350, 1.1450

Nearest support levels: 1.0800, 1.0700, 1.0550, 1.0500, 1.0450, 1.0200

Currencies trading and British pound. The price of GBP/USD rebounded from the level of 1.4100 and reached the upper limit of the downward channel. In case of breaking through it, the signal for the opening of long positions and fixation of short ones will be gaining a foothold above the level of 1.4310. At the moment, there is a possibility of continuing negative dynamics of prices to the target levels at 1.4100 and 1.4000. Our medium-term outlook remains negative, but we are waiting for a substantial correction in the near future.

Nearest resistance levels: 1.4310, 1.4400, 1.4500, 1.4600, 1.4700, 1.4800, 1.5000, 1.5200, 1.5250

Nearest support levels: 1.4000, 1,3860, 1,3600

Currencies trading and Japanese yen. The price of USD/JPY has shown strong growth yesterday and approached the important resistance level at 118.40. In case of breaking of this level and consolidation above it, we recommend to open long positions with the targets of 121.50, 122.30 and 123.60. In case of resumption of the fall, quotations will return to the level of 116.00. Our medium-term outlook remains positive, and we are waiting for a signal to buy.

Nearest resistance levels: 118.40, 119.00, 120.20, 120.60, 121.50, 122.30, 123.60

Nearest support levels: 117.00, 116.70, 116.00, 115.00

Currencies trading and Australian dollar. The price of AUD/USD broke through the upper limit of the downward channel, and broke the psychologically important level of 0.7000. Fixation above 0.7050 will be a signal for opening long positions with the targets at 0.7200 and 0.7300. In case of correction, quotations may return to the level of 0.6950. Our medium-term outlook remains negative, but in the nearest future growth may continue.

Nearest resistance levels: 0.7050, 0.7150, 0.7200, 0.7300, 0.7400, 0.7500

Nearest support levels: 0.7000, 0.6950, 0.6800, 0.6750, 0.6600

Currencies trading and New Zealand dollar. The price of NZD/USD after fixing outside the local descending channel, has shown strong growth and was able to overcome the resistance level at 0.6500, which is the reason for fixation of short positions. Fixation above this mark will the reason for opening long positions with the targets at 0.6600 and 0.6700. Our medium-term outlook remains negative, but the current growth can continue in the near future.

Nearest resistance levels: 0.6600, 0.6700, 0.6800, 0.6900, 0.7000

Nearest support levels: 0.6500, 0.6450, 0.6400, 0.6320, 0.6250, 0.6200, 0.6000

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.